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Put on a few May 1280/1270's today for .5 when SPX was at 1310. 15 pts below major support at 1295. Now i'm wondering if this was bit too rash. Thoughts?

Thanks coach, So the issues I may consider when using a wider spread are: 1)Allows me to go alittle FOTM with a credit comparable to that of a 5 pt spread closer to the money (so a built in hedge of sorts, all things being equal) 2) However because my spread is farther apart, I don't...

Thanks rdemayan, I realized after I posted that the margin requirments were not the same...(late night posting phenomenon). So given your counter hypo, let's see if I can summarize the advantages of a 30 pt spread v. a 5 point, with regards to movement against your short: 1) You can let it...

What a great journal. As a relatively new spread trader, the insights I've obtained from this thread have been extremely informative. I have a question re: cache's repsonse bleow re: 30 v. 5 point spreads, specifically reason #2...unless I am missing something, which given my relatively new...